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The '''National Association of Insurance Commissioners''' ('''NAIC''') is the U.S. standard-setting and regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. The NAIC is an Internal Revenue Code Section 501(c)(3) non-profit organization. Its current president is Florida Insurance Commissioner Kevin M. McCarty. Officers of the NAIC include a President, President-Elect, Vice President and Secretary- Treasurer, who are elected annually by the...
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